Private Advisor Group LLC Increases Position in Procter & Gamble Co (PG)

Private Advisor Group LLC increased its holdings in Procter & Gamble Co (NYSE:PG) by 21.7% during the 2nd quarter, Holdings Channel reports. The firm owned 140,991 shares of the company’s stock after buying an additional 25,173 shares during the period. Private Advisor Group LLC’s holdings in Procter & Gamble were worth $11,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new stake in Procter & Gamble in the second quarter worth $149,000. Clearwater Capital Advisors LLC bought a new position in Procter & Gamble during the first quarter valued at $154,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in Procter & Gamble by 296.5% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after acquiring an additional 1,524 shares during the last quarter. Financial Gravity Wealth Inc. bought a new position in Procter & Gamble during the first quarter valued at $170,000. Finally, Clarus Wealth Advisors bought a new position in Procter & Gamble during the second quarter valued at $172,000. Institutional investors own 58.57% of the company’s stock.

In other news, SVP Valarie L. Sheppard sold 40,751 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total transaction of $3,746,239.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah P. Majoras sold 11,097 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $83.53, for a total transaction of $926,932.41. Following the sale, the insider now directly owns 46,096 shares of the company’s stock, valued at $3,850,398.88. The disclosure for this sale can be found here. Insiders have sold 502,432 shares of company stock valued at $46,189,885 over the last three months. Insiders own 1.84% of the company’s stock.

A number of research analysts have weighed in on PG shares. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group set a $82.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, October 17th. Citigroup boosted their price objective on shares of Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 22nd. Wells Fargo & Co reiterated a “hold” rating and set a $78.00 price objective on shares of Procter & Gamble in a research report on Thursday, August 16th. Finally, Macquarie boosted their price objective on shares of Procter & Gamble from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $88.38.

Shares of PG opened at $91.54 on Monday. The firm has a market cap of $230.77 billion, a PE ratio of 21.69, a P/E/G ratio of 3.00 and a beta of 0.37. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.81. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Analysts predict that Procter & Gamble Co will post 4.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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